LOPELEC: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LOPELEC
Largest movements
- Receivables within one year +€9,273
up €9,273 (+86.1%), from €10,770 to €20,043
of which Trade receivables: +€12,609
- Tangible fixed assets +€2,424
up €2,424 (+203.9%), from €1,189 to €3,613
of which Furniture and vehicles: +€2,957
- Cash -€729
down €729 (-49.0%), from €1,487 to €758
mainly Receivables within one year (-€9,273) and Investment in fixed assets (net) (-€4,424)
- Deferred charges and accrued income +€552
up €552 (+422.6%), from €131 to €683
- Profit (loss) carried forward +€9,612
up €9,612, from -€5,231 to €4,381
- Tax, wage and social debts +€3,626
up €3,626 (+396.1%), from €915 to €4,541
- Trade debts -€945
down €945 (-65.2%), from €1,450 to €504
- Other debts -€773
down €773 (-9.8%), from €7,899 to €7,127
- Gross operating margin +€7,014
up €7,014 (+66.0%), from €10,631 to €17,645
- Taxes +€2,969
new in 2025: €2,969
- Depreciation +€852
up €852 (+74.3%), from €1,148 to €2,000
- Other operating charges -€636
down €636 (-18.3%), from €3,469 to €2,833
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,433 | €28,953 | +€11,519 | +66.1% |
| Fixed assets | 21/28 | €3,546 | €5,970 | +€2,424 | +68.4% |
| Tangible fixed assets | 22/27 | €1,189 | €3,613 | +€2,424 | +203.9% |
| Plant, machinery and equipment | 23 | €894 | €361 | -€533 | -59.7% |
| Furniture and vehicles | 24 | €295 | €3,252 | +€2,957 | +1002.3% |
| Financial fixed assets | 28 | €2,357 | €2,357 | = | 0.0% |
| Current assets | 29/58 | €13,888 | €22,983 | +€9,096 | +65.5% |
| Stocks and contracts in progress | 3 | €1,500 | €1,500 | = | 0.0% |
| Stocks | 30/36 | €1,500 | €1,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,770 | €20,043 | +€9,273 | +86.1% |
| Trade receivables | 40 | €4,807 | €17,416 | +€12,609 | +262.3% |
| Other amounts receivable | 41 | €5,963 | €2,627 | -€3,336 | -55.9% |
| Cash at bank and in hand | 54/58 | €1,487 | €758 | -€729 | -49.0% |
| Deferred charges and accrued income | 490/1 | €131 | €683 | +€552 | +422.6% |
| Total equity and liabilities | 10/49 | €17,433 | €28,953 | +€11,519 | +66.1% |
| Equity | 10/15 | €7,169 | €16,781 | +€9,612 | +134.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,231 | €4,381 | +€9,612 | |
| Amounts payable | 17/49 | €10,264 | €12,172 | +€1,908 | +18.6% |
| Amounts payable within one year | 42/48 | €10,264 | €12,172 | +€1,908 | +18.6% |
| Trade debts | 44 | €1,450 | €504 | -€945 | -65.2% |
| Suppliers | 440/4 | €1,450 | €504 | -€945 | -65.2% |
| Taxes, remuneration and social security | 45 | €915 | €4,541 | +€3,626 | +396.1% |
| Taxes | 450/3 | €915 | €4,541 | +€3,626 | +396.1% |
| Other amounts payable | 47/48 | €7,899 | €7,127 | -€773 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,148 | €2,000 | +€852 | +74.3% |
| Other operating charges | 640/8 | €3,469 | €2,833 | -€636 | -18.3% |
| Gross operating margin | 9900 | €10,631 | €17,645 | +€7,014 | +66.0% |
| Operating profit (loss) | 9901 | €6,015 | €12,812 | +€6,797 | +113.0% |
| Financial charges | 65/66B | €198 | €232 | +€34 | +17.0% |
| Recurring financial charges | 65 | €198 | €232 | +€34 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €5,817 | €12,581 | +€6,764 | +116.3% |
| Income taxes | 67/77 | - | €2,969 | +€2,969 | |
| Profit (loss) for the period | 9904 | €5,817 | €9,612 | +€3,794 | +65.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,817 | €9,612 | +€3,794 | +65.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.